3 Tips to Lower Your Rent

As the foreclosure wave crests in many parts of the country, many people who used to own homes are joining the ranks of renters. But whether you’re new or experienced to renting, it pays to know some tips that can help you with the cost.

Read These Next

Better Investing

Whether it’s an apartment or a house, renting can make sense for many. What doesn’t make sense is paying more rent that you have to.

Want to pay less? Step one is to know the market. If there’s a less expensive place nearby, ask the landlord to meet or beat the price.

Step two: know what you want. A month free. Lower rent in exchange for signing a two-year lease. A two bedroom for a one-bedroom price. Lower rent in exchange for labor. Be creative.

Now the most important step of all: prove that you’re the World’s greatest tenant. What does that look like to a landlord?

“Someone who has a good credit score, someone who has stable employment, and also has longevity in terms of where they previously lived.”
-Earl Lawrence, Landlord

In short, prove to the landlord you should pay less because you’re worth more. Get references from old landlords. Tell them how handy you are. Show them your great credit score.

Bottom line? Applying for a lease is like applying for a job: be prepared, be impressive and ask for what you want. You’ll be surprised how easy it is to negotiate lower rent.

Sign up for our free newsletter

Like this article? Sign up for our newsletter and we'll send you a regular digest of our newest stories, full of money saving tips and advice, free! We'll also email you a PDF of Stacy Johnson's "205 Ways to Save Money" as soon as you've subscribed. It's full of great tips that'll help you save a ton of extra cash. It doesn't cost a dime, so why wait? Click here to sign up now.

Read These Next

Comments

  • http://www.sellgoldtampa.com How to Sell Gold

    Anything in the world is all ways up for negotiation!

  • needabreak

    Okay, so what if your credit is really bad due to short sale on a home, and a lot of credit card debt? I'm still a great renter and my credit score was 800 for the past 10 years…Just fell on hard times? Can you offer to pay 12 months up front and still get a good deal? Yes I'm going to have to file bankruptcy, but still need a place to live.

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,603 more deals!